On 1, April, 2017 Mark Ltd acquired Mask Ltd by using swap ratio based on EPS of two companies. The Earnings after Tax of 2016-17 of Mark Ltd was ?2,000 lakh and that of Mask Ltd was ?800 lakh. What is the EPS after merger if shares outstanding were 200 lakhs and 100 lakhs for Mark Ltd and Mask Ltd respectively?

The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%